Bajaj Finance logo

BAJFINANCE - Bajaj Finance News Story

₹3303 -27.2  -0.8%

Last Trade - 22/09/20

Large Cap
Market Cap £21.04bn
Enterprise Value £32.39bn
Revenue £2.89bn
Position in Universe 12th / 3010

BUZZ-India's Bajaj Group financial firms hit record highs on strong results

Fri 20th July, 2018 7:49am
(Adds brokerage comments, shares of Bajaj Finserv)
    ** Shares of Indian non-banking financial firm Bajaj Finserv
 BJFS.NS  and unit Bajaj Finance Ltd  BJFN.NS  climb 5.7 pct and
6.7 pct respectively to all-time highs
    ** Kotak Institutional Equities raises TP for Bajaj Finserv
to 6,100 rupees from 5,900 rupees to factor in higher value of
Bajaj Finance, but downgrades to "reduce" from "add"
    ** Bajaj Finserv posted 41 pct surge in consolidated Q1
profit on Thursday
    ** Jefferies raises TP for Bajaj Finance to 2,900 rupees
from 2,400 rupees; keeps "buy" rating
    ** Bajaj Finance posted another strong quarter and its core
fundamentals are intact - Jefferies
    ** Bajaj Finance reported 81 pct surge in June-qtr
consolidated PAT on Thursday*:nFWN1UF02Q
    ** Valuations appear steep for Bajaj Finance, but this may
sustain unless growth slows or asset quality slips, which is
unlikely in near term - Jefferies
    ** Stocks among top pct gainers on Nifty 50 Index  .NSEI    
    ** Shares of Bajaj Finance had gained 43 pct this year as of
last close, while Bajaj Finserv had risen 20.4 pct

 ((Reuters Messaging:
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.